INECOBANK resumed issues of its bonds after two-year break

ArmInfo.INECOBANK has resumed issuing its bonds after a two-year break - this is a tranche of 2 billion drams. This is indicated in the prospectus of this issue  posted on the website of the Central Bank of the Republic of Armenia,  according to which the initial placement started on December 16, 2021  and is scheduled for completion on March 16, 2022.

Within the framework of the dram tranche, 250 thousand bonds with a  nominal value of 10 thousand drams will be issued. The coupon yield  is set at 9.6%. The periodicity of coupon payments is provided every  six months. The full repayment of this tranche is scheduled for June  16, 2024.

If you want to buy bonds of this issue, you can transfer funds to the  relevant account opened in INECOBANK- 2050000013753691.

According to AMX, as of December 16 of this year, only 1 issue of  INECOBANK bonds worth 1.5 billion AMD was quoted at the stock  exchange, which was issued on September 23, 2019 and will be repaid  in 2022. The coupon yield of this issue is 9.75%.